SlideShare a Scribd company logo
1 of 43
Competition Demystefied Bruce Greenwald & Judd Kahn
Tactical versus Strategic Planning ,[object Object],[object Object],[object Object],[object Object],[object Object]
Strategic Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tactical Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Other examples ,[object Object],[object Object],[object Object]
Barriers to Entry ,[object Object],[object Object],[object Object],[object Object]
Three types of Competitive Advantages ,[object Object],[object Object],[object Object],[object Object]
Demand ,[object Object],[object Object]
Economies of Scale ,[object Object]
Tree analysis of choices All Markets Compt advantage No competitive adv Operational efficiency Single dominant firm PD coop simulation
Chapter 2-Competitive Advantages I ,[object Object],[object Object],[object Object]
Myth of Product Differentiation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Market Dynamics ,[object Object],[object Object],[object Object],[object Object],[object Object]
Quote from page 22 ,[object Object]
Supply advantages ,[object Object],[object Object],[object Object]
Notion of easy capital as advantage ,[object Object]
Demand advantages ,[object Object],[object Object],[object Object]
Examples of Customer Captivity ,[object Object],[object Object],[object Object]
Customer captivity ,[object Object],[object Object],[object Object]
Competitive Advantages II ,[object Object],[object Object],[object Object]
Economies of Scale and Strategy ,[object Object],[object Object],[object Object]
Economics of Scale cont.  ,[object Object],[object Object],[object Object]
Take the textbook market ,[object Object],[object Object],[object Object],[object Object],[object Object]
Small markets are easier to dominate ,[object Object],[object Object],[object Object],[object Object]
Defending Economies of Scale ,[object Object],[object Object],[object Object],[object Object],[object Object]
Aetna vs. Oxford; Local advantages ,[object Object],[object Object],[object Object]
Market Growth the enemy of Competitive Advantages 2,500,000 100,000 (4%) Large 500,000 100,000 (20%) Small TC FC FC
Now Market Doubles…. FC small % for small firm; large firm advantages erode in a growing market. 5,000,000 100,000 (2%) Large 1,000,000 100,000 (10%) Small TC FC FC
International markets are disadvantage to incumbent firms ,[object Object],[object Object],[object Object]
Defending advantages ,[object Object],[object Object]
Defending advantages ,[object Object],[object Object],[object Object],[object Object],[object Object]
Chapter  8:Games Companies Play ,[object Object],[object Object],[object Object],[object Object]
Aggressive or Not? ,[object Object],[object Object]
Fundamental Tensions ,[object Object],[object Object],[object Object],[object Object]
Adjustments to the tension ,[object Object],[object Object],[object Object]
Structural adjustments ,[object Object],[object Object],[object Object],[object Object]
Customer Loyalty  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Capacity limitations ,[object Object],[object Object]
Most Favor Nation provision ,[object Object],[object Object]
Tactical Decisions ,[object Object],[object Object],[object Object],[object Object]
Example of Banking ,[object Object],[object Object]
Attack where competitor is strongest! ,[object Object],[object Object],[object Object]
Getting back to higher prices ,[object Object],[object Object],[object Object]

More Related Content

Similar to Competition Demystified Economics

Chapter 11 Dealing With Competition
Chapter 11 Dealing With CompetitionChapter 11 Dealing With Competition
Chapter 11 Dealing With CompetitionDiarta
 
Focus group industry challenges for prospective sellers (Repaired)
Focus group industry challenges for prospective sellers (Repaired)Focus group industry challenges for prospective sellers (Repaired)
Focus group industry challenges for prospective sellers (Repaired)Brett Watkins
 
1. A highly capable brick and mortar electronics retailer with a l.docx
1. A highly capable brick and mortar electronics retailer with a l.docx1. A highly capable brick and mortar electronics retailer with a l.docx
1. A highly capable brick and mortar electronics retailer with a l.docxaulasnilda
 
1. A highly capable brick and mortar electronics retailer with a l.docx
1. A highly capable brick and mortar electronics retailer with a l.docx1. A highly capable brick and mortar electronics retailer with a l.docx
1. A highly capable brick and mortar electronics retailer with a l.docxjeremylockett77
 
Strategic management
Strategic managementStrategic management
Strategic managementsibilap
 
Dell Ppt
Dell PptDell Ppt
Dell Pptbiju777
 
Find the Blue Ocean
Find the Blue OceanFind the Blue Ocean
Find the Blue OceanInfoTrends
 
Strategy-Course-Notes+(1).pdf
Strategy-Course-Notes+(1).pdfStrategy-Course-Notes+(1).pdf
Strategy-Course-Notes+(1).pdfRayFang8
 
Brand Fragmentation - Consolidation+commoditisation - MIKE'S FINAL
Brand Fragmentation - Consolidation+commoditisation - MIKE'S FINALBrand Fragmentation - Consolidation+commoditisation - MIKE'S FINAL
Brand Fragmentation - Consolidation+commoditisation - MIKE'S FINALDrthomasbrand Limited
 
Electronics Industry Analysis-Sony
Electronics Industry Analysis-SonyElectronics Industry Analysis-Sony
Electronics Industry Analysis-SonyReza Tabrizi
 
Chapter-5 Industry and competitor analysis
Chapter-5 Industry and competitor analysisChapter-5 Industry and competitor analysis
Chapter-5 Industry and competitor analysisAfzaal Ali
 
Media Management 2011-Strategy Module - Jan 21_2
Media Management 2011-Strategy Module - Jan 21_2Media Management 2011-Strategy Module - Jan 21_2
Media Management 2011-Strategy Module - Jan 21_2Robin Teigland
 
Strategic principles for_competing_in_the_digital_age
Strategic principles for_competing_in_the_digital_ageStrategic principles for_competing_in_the_digital_age
Strategic principles for_competing_in_the_digital_ageFranco Ferrario
 
Handout_on_Market_Attractiveness.pdf
Handout_on_Market_Attractiveness.pdfHandout_on_Market_Attractiveness.pdf
Handout_on_Market_Attractiveness.pdfAshleyNguyen79
 
The Strategic Route To E Procurement Success 2001
The Strategic Route To E Procurement Success 2001The Strategic Route To E Procurement Success 2001
The Strategic Route To E Procurement Success 2001Julian Curtiss
 
ECO 5625Factors.docFACTORS AFFECTING RIVALRY AMONG EXISTING C.docx
ECO 5625Factors.docFACTORS AFFECTING RIVALRY AMONG EXISTING C.docxECO 5625Factors.docFACTORS AFFECTING RIVALRY AMONG EXISTING C.docx
ECO 5625Factors.docFACTORS AFFECTING RIVALRY AMONG EXISTING C.docxSALU18
 
Tuesday's Leaders. Growing When Your Industry Doesn’t from Strategy+ Business.
Tuesday's Leaders. Growing When Your Industry Doesn’t from Strategy+ Business.Tuesday's Leaders. Growing When Your Industry Doesn’t from Strategy+ Business.
Tuesday's Leaders. Growing When Your Industry Doesn’t from Strategy+ Business.BURESI
 

Similar to Competition Demystified Economics (20)

Chapter 11 Dealing With Competition
Chapter 11 Dealing With CompetitionChapter 11 Dealing With Competition
Chapter 11 Dealing With Competition
 
Project Update
Project UpdateProject Update
Project Update
 
Focus group industry challenges for prospective sellers (Repaired)
Focus group industry challenges for prospective sellers (Repaired)Focus group industry challenges for prospective sellers (Repaired)
Focus group industry challenges for prospective sellers (Repaired)
 
3 industry evolution
3 industry evolution3 industry evolution
3 industry evolution
 
1. A highly capable brick and mortar electronics retailer with a l.docx
1. A highly capable brick and mortar electronics retailer with a l.docx1. A highly capable brick and mortar electronics retailer with a l.docx
1. A highly capable brick and mortar electronics retailer with a l.docx
 
1. A highly capable brick and mortar electronics retailer with a l.docx
1. A highly capable brick and mortar electronics retailer with a l.docx1. A highly capable brick and mortar electronics retailer with a l.docx
1. A highly capable brick and mortar electronics retailer with a l.docx
 
Strategic management
Strategic managementStrategic management
Strategic management
 
Dell Ppt
Dell PptDell Ppt
Dell Ppt
 
Find the Blue Ocean
Find the Blue OceanFind the Blue Ocean
Find the Blue Ocean
 
Strategy-Course-Notes+(1).pdf
Strategy-Course-Notes+(1).pdfStrategy-Course-Notes+(1).pdf
Strategy-Course-Notes+(1).pdf
 
Brand Fragmentation - Consolidation+commoditisation - MIKE'S FINAL
Brand Fragmentation - Consolidation+commoditisation - MIKE'S FINALBrand Fragmentation - Consolidation+commoditisation - MIKE'S FINAL
Brand Fragmentation - Consolidation+commoditisation - MIKE'S FINAL
 
Electronics Industry Analysis-Sony
Electronics Industry Analysis-SonyElectronics Industry Analysis-Sony
Electronics Industry Analysis-Sony
 
Chapter-5 Industry and competitor analysis
Chapter-5 Industry and competitor analysisChapter-5 Industry and competitor analysis
Chapter-5 Industry and competitor analysis
 
Media Management 2011-Strategy Module - Jan 21_2
Media Management 2011-Strategy Module - Jan 21_2Media Management 2011-Strategy Module - Jan 21_2
Media Management 2011-Strategy Module - Jan 21_2
 
Strategic principles for_competing_in_the_digital_age
Strategic principles for_competing_in_the_digital_ageStrategic principles for_competing_in_the_digital_age
Strategic principles for_competing_in_the_digital_age
 
Handout_on_Market_Attractiveness.pdf
Handout_on_Market_Attractiveness.pdfHandout_on_Market_Attractiveness.pdf
Handout_on_Market_Attractiveness.pdf
 
Palmerch06
Palmerch06Palmerch06
Palmerch06
 
The Strategic Route To E Procurement Success 2001
The Strategic Route To E Procurement Success 2001The Strategic Route To E Procurement Success 2001
The Strategic Route To E Procurement Success 2001
 
ECO 5625Factors.docFACTORS AFFECTING RIVALRY AMONG EXISTING C.docx
ECO 5625Factors.docFACTORS AFFECTING RIVALRY AMONG EXISTING C.docxECO 5625Factors.docFACTORS AFFECTING RIVALRY AMONG EXISTING C.docx
ECO 5625Factors.docFACTORS AFFECTING RIVALRY AMONG EXISTING C.docx
 
Tuesday's Leaders. Growing When Your Industry Doesn’t from Strategy+ Business.
Tuesday's Leaders. Growing When Your Industry Doesn’t from Strategy+ Business.Tuesday's Leaders. Growing When Your Industry Doesn’t from Strategy+ Business.
Tuesday's Leaders. Growing When Your Industry Doesn’t from Strategy+ Business.
 

Recently uploaded

Investment analysis and portfolio management
Investment analysis and portfolio managementInvestment analysis and portfolio management
Investment analysis and portfolio managementJunaidKhan750825
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
Call Girls In ⇛⇛Chhatarpur⇚⇚. Brings Offer Delhi Contact Us 8377877756
Call Girls In ⇛⇛Chhatarpur⇚⇚. Brings Offer Delhi Contact Us 8377877756Call Girls In ⇛⇛Chhatarpur⇚⇚. Brings Offer Delhi Contact Us 8377877756
Call Girls In ⇛⇛Chhatarpur⇚⇚. Brings Offer Delhi Contact Us 8377877756dollysharma2066
 
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...lizamodels9
 
Islamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in IslamabadIslamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in IslamabadAyesha Khan
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… AbridgedLean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… AbridgedKaiNexus
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...lizamodels9
 
RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechNewman George Leech
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
rishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdfrishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdfmuskan1121w
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
BEST Call Girls In BELLMONT HOTEL ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In BELLMONT HOTEL ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In BELLMONT HOTEL ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In BELLMONT HOTEL ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creationsnakalysalcedo61
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...lizamodels9
 

Recently uploaded (20)

Investment analysis and portfolio management
Investment analysis and portfolio managementInvestment analysis and portfolio management
Investment analysis and portfolio management
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)
 
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCREnjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
Call Girls In ⇛⇛Chhatarpur⇚⇚. Brings Offer Delhi Contact Us 8377877756
Call Girls In ⇛⇛Chhatarpur⇚⇚. Brings Offer Delhi Contact Us 8377877756Call Girls In ⇛⇛Chhatarpur⇚⇚. Brings Offer Delhi Contact Us 8377877756
Call Girls In ⇛⇛Chhatarpur⇚⇚. Brings Offer Delhi Contact Us 8377877756
 
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
 
Islamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in IslamabadIslamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in Islamabad
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… AbridgedLean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
 
RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman Leech
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
rishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdfrishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdf
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
BEST Call Girls In BELLMONT HOTEL ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In BELLMONT HOTEL ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In BELLMONT HOTEL ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In BELLMONT HOTEL ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creations
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
 

Competition Demystified Economics

  • 1. Competition Demystefied Bruce Greenwald & Judd Kahn
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10. Tree analysis of choices All Markets Compt advantage No competitive adv Operational efficiency Single dominant firm PD coop simulation
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27. Market Growth the enemy of Competitive Advantages 2,500,000 100,000 (4%) Large 500,000 100,000 (20%) Small TC FC FC
  • 28. Now Market Doubles…. FC small % for small firm; large firm advantages erode in a growing market. 5,000,000 100,000 (2%) Large 1,000,000 100,000 (10%) Small TC FC FC
  • 29.
  • 30.
  • 31.
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.
  • 37.
  • 38.
  • 39.
  • 40.
  • 41.
  • 42.
  • 43.